Bharat Global Developers Ltd. has responded to a query from the Bombay Stock Exchange regarding significant movement in its share price, confirming compliance with regulatory disclosure requirements and attributing the price fluctuation to market forces.

BSE Query Response

The company submitted its clarification on April 14, 2026, in response to a BSE query dated April 9, 2026, concerning significant price movement. The response was signed by Managing Director Keyurkumar Pravinbhai Patel and addressed to the Department of Corporate Services at BSE.

Regulatory Compliance Confirmation

The company emphasized its adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Bharat Global Developers confirmed that it has made all necessary disclosures in a timely and transparent manner as required under Regulation 30 of the SEBI Listing Regulations.

The company stated that it continues to comply with provisions requiring disclosure of all events and information that have a bearing on company operations and performance, including price-sensitive information. Management confirmed no awareness of any undisclosed price-sensitive information that should have been communicated to stock exchanges.

Market-Driven Price Movement

Bharat Global Developers attributed the share price movement entirely to prevailing market conditions, emphasizing that such fluctuations remain beyond the company's control. The clarification aimed to ensure investors have access to relevant information while safeguarding their interests.

Company Information

Bharat Global Developers Ltd., formerly known as Kkrafton Developers Ltd., operates from its corporate office in Ahmedabad, Gujarat. The company maintains its commitment to transparent communication with stakeholders and regulatory compliance.

Bharat Global Developers Limited has successfully concluded its postal ballot process, announcing the voting results on February 18, 2026. The company sought shareholder approval through remote e-voting for the regularisation of Mr. Ketan Chavda as Executive Director, which received overwhelming support from shareholders.

Postal Ballot Details

The postal ballot process was initiated through a notice dated January 15, 2026, with shareholders entitled to vote as per the record date of January 9, 2026. The company appointed CS Himanshu Togadiya from H Togadiya & Associates as the scrutinizer for ensuring a fair and transparent voting process.

Resolution and Voting Results

The ordinary resolution sought approval for the regularisation of Mr. Ketan Chavda (DIN: 11388522) as Executive Director of the company. The voting was conducted exclusively through remote e-voting, with the platform remaining active from January 19, 2026, at 9:00 AM until February 17, 2026, at 5:00 PM.

Scrutinizer's Report

CS Himanshu Togadiya, the appointed scrutinizer, confirmed that the voting process was conducted in accordance with the Companies Act, 2013, and related rules. The scrutinizer's report highlighted that the votes were unblocked on February 18, 2026, around 11:30 AM in the presence of two witnesses - Mr. Narendra Sharma and Mr. Shabbir Nagariya.

The voting platform was provided by Purva Sharegistry (India) Pvt. Ltd., and all votes cast through e-voting were reconciled with records maintained by the company's registrar and share transfer agent. The resolution was declared passed with the requisite majority, demonstrating strong shareholder confidence in the proposed appointment.

Company Information

Bharat Global Developers Limited, formerly known as Kkrkrafton Developers Ltd, operates under BSE scrip code 521238. The company is headquartered at 6th Floor-604, Shivalik Shilp Iscon Cross Road, Ambli-Bhopal Road, S.G. Highway, Ahmedabad, Gujarat 380015. The postal ballot results were signed by Managing Director Keyurkumar Pravinbhai Patel (DIN: 10822762) and countersigned by the scrutinizer, ensuring proper compliance with regulatory requirements.